73351019D0013 - SBA 504 PROGRAM - CDC RISK BASED REVIEW AND RISK O...
Federal Contract Award Search » IDC Award
This IDC contract for Program Management, Financial services was awarded in FY2019 on Sep 27, 2019 to KINGSTONVILLE-MERCADIEN JV, LLC by Office of Credit Risk Management. There have been $18.9M in obligations to date with a ceiling value of $20M, showing a 94% burn rate so far on the contract. The contract was competed under 8a Competed preference program with 2 offers received. We expect a 6 year duration with ultimate completion date of Feb 25, 2025.
KINGSTONVILLE-MERCADIEN JV, LLC is a contractor located in NJ, doing primarily Program Management work for Small Business Administration. The company receives $3.5M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
- Contract Number
- 73351019D0013
- Contractor
- KINGSTONVILLE-MERCADIEN JV, LLC
- Obligations to Date
- $18.9M
- Ceiling Value
- $20M
- Award Date
- 09/27/2019
- Contract Type
- IDC
- Competition Set Aside Type
- 8a Competed
- Buying Agency/Office
- Small Business Administration»Office of Capital Access»Office of Credit Risk Management
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 73351019F0270 | KINGSTONVILLE-MERCADIEN JV, LLC | $2.2M | 09/27/2019 |
| 73351020F0007 | KINGSTONVILLE-MERCADIEN JV, LLC | $392.1k | 11/20/2019 |
| 73351020F0144 | KINGSTONVILLE-MERCADIEN JV, LLC | $2.8M | 06/12/2020 |
| 73351020F0180 | KINGSTONVILLE-MERCADIEN JV, LLC | $116.5k | 06/12/2020 |
| 73351020F0190 | KINGSTONVILLE-MERCADIEN JV, LLC | $123.8k | 06/22/2020 |
| 73351021F0054 | KINGSTONVILLE-MERCADIEN JV, LLC | $0.00 | 04/26/2021 |
| 73351021F0079 | KINGSTONVILLE-MERCADIEN JV, LLC | $2.9M | 06/17/2021 |
| 73351022F0148 | KINGSTONVILLE-MERCADIEN JV, LLC | $3.3M | 08/30/2022 |
| 73351023F0075 | KINGSTONVILLE-MERCADIEN JV, LLC | $1.7M | 05/10/2023 |
| 73351023F0159 | KINGSTONVILLE-MERCADIEN JV, LLC | $5.3M | 09/20/2023 |
